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Streaming music hits high note in Germany

The Local · 5 Sep 2012, 13:59

Published: 05 Sep 2012 13:59 GMT+02:00

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Income from subscription- and advertising- funded streaming services rose to reach €18 million in the first six months of 2012, the German music industry association BVMI said on Wednesday.

“Music streaming is one of the fastest-growing use trends in the music world at the moment,” said BVMI manager Florian Drücke.

The biggest growth in turnover could be seen in subscriptions to streaming sites, which were up by nearly 50 percent to €15.1 million in the first half of the year.

Streaming accounted for around three percent of the entire music market in the first half of 2012, and nearly 13 percent of the turnover generated by digital sales.

Drücke also said that one in five Germans streamed music, and that the number of legal audio streaming services in Germany had increased to 12 since the end of 2011.

“Streaming has the potential in the mid-term to become one of the most important columns in the digital music business,” he said.

The entire music market turned over €644 million in the first half of the year in Germany, around the same as the first half of last year, the BVMI said.

Story continues below…

A sharp decline in sales of physical products was counterbalanced by a strong growth in digital sales.

DAPD/The Local/hc

The Local (news@thelocal.de)

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Your comments about this article

14:40 September 5, 2012 by Snapply
the only reason it's popular is because Gema blocks every single video on youtube
15:38 September 5, 2012 by Onlythetruth
As GEMA should do if the licensing stuff isn't correct which it is not in the case of YouTube. The streaming services like Spotify also rip off musicans so they're no better. Its great that artists in germany have a strong voice like GEMA to stick up for them.
16:24 September 5, 2012 by Englishted

Get real, GEMA blocks things that have nothing to do with them and come from official sites of the artist ,this is 100% true of groups from the U.K.

I will give you a example it is 39 years since "the specials " released "Ghost town " in the U.K. to celebrate they offered the original video to be viewed on you tube ,guess what GEMA blocked it , they are killing a music scene in Germany that was not that good to start with.
16:31 September 5, 2012 by aktiveradio
Good news for sites like SkyJam.fm who are launching in Germany soon, it's strange that Germany is so far behind in when it comes to physical vs. digital sales of music. Do people not use iTunes to buy music like they do in the US?
05:15 September 6, 2012 by sally#
Owing to the ubiquitous internet,it's so easy and convenient to download music online.Moreover, the streaming music is far cheaper than the physical one. No wonder the streaming music becomes a prevailing trend.
06:47 September 6, 2012 by murka
Streaming over and over again a piece which was recorded and professionally produced long ago is such a waste of technology and bandwidth, especially mobile. Thank-you GEMA for this.
17:24 October 2, 2012 by Onlythetruth
Spotify and the streaming music services rip off composers who only receive infinitesimally small token payments for broadcasting their songs. Buy your music online and say NO to music piracy!
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